Gulf states can start thinking beyond deficits
(WorldNews Business)

The Gulf states have announced their budgets for 2021, and it`s no surprise they come with large deficits set off by oil price falls as well as the heavy additional expenditures allocated to tackle the pandemic. On top of this, these countries extended healthcare measures to their populace to help them cope with the pandemic. Besides the scale of the 2021 deficits, the budgets are characterized by lower public spending, something which was a natural outcome of efforts to get a handle on their deficits and avoid imposing new fees or taxes. Even then, the...